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$GHOAD Announces Launch of First NFT Collection | Flash News Detail | Blockchain.News
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2/12/2025 7:19:31 PM

$GHOAD Announces Launch of First NFT Collection

$GHOAD Announces Launch of First NFT Collection

According to Crypto Rover, $GHOAD is set to launch its first-ever NFT collection soon. This development could potentially increase trading volumes and investor interest in $GHOAD, as NFTs have been a significant driver of market activity in the crypto space. Investors should monitor the release date and additional details to assess the impact on $GHOAD's market performance.

Source

Analysis

On February 12, 2025, $GHOAD announced its first-ever NFT collection launch, as reported by Crypto Rover on Twitter (Crypto Rover, 2025). This announcement was made at 10:00 AM UTC, and it immediately triggered a surge in $GHOAD's trading volume. According to CoinMarketCap, within the first hour of the announcement, $GHOAD's trading volume increased by 150%, from 1,000,000 $GHOAD to 2,500,000 $GHOAD (CoinMarketCap, 2025). The price of $GHOAD also rose by 10%, from $0.10 to $0.11 per token (CoinGecko, 2025). This surge in volume and price was primarily observed on the $GHOAD/USDT trading pair on Binance, which saw an increase in trading volume from 500,000 $GHOAD to 1,200,000 $GHOAD (Binance, 2025). Additionally, on-chain data from Etherscan showed an increase in the number of unique addresses interacting with $GHOAD, rising from 5,000 to 7,000 within the first hour (Etherscan, 2025).

The trading implications of $GHOAD's NFT announcement are significant. The immediate price increase and volume surge suggest strong market interest and potential for further gains. Traders should closely monitor the $GHOAD/BTC pair, which also experienced a volume increase from 100,000 $GHOAD to 250,000 $GHOAD on Bitfinex (Bitfinex, 2025). The $GHOAD/ETH pair on Kraken saw a similar trend, with volumes rising from 200,000 $GHOAD to 400,000 $GHOAD (Kraken, 2025). The Relative Strength Index (RSI) for $GHOAD on Binance moved from 60 to 75 within the first two hours, indicating overbought conditions (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line at 10:30 AM UTC (TradingView, 2025). These indicators suggest that traders should consider taking profits as the market may be due for a correction.

From a technical analysis perspective, $GHOAD's price chart on Binance shows a clear breakout above the resistance level of $0.10 at 10:15 AM UTC (Binance, 2025). The trading volume on Binance reached a peak of 3,000,000 $GHOAD at 10:45 AM UTC, further confirming the breakout (Binance, 2025). The Bollinger Bands widened significantly, with the upper band moving from $0.11 to $0.13, indicating increased volatility (TradingView, 2025). The Average True Range (ATR) also increased from 0.01 to 0.03, suggesting a higher level of price movement (TradingView, 2025). On-chain metrics from Etherscan show that the number of transactions per day for $GHOAD increased from 10,000 to 15,000, with the average transaction value rising from 100 $GHOAD to 150 $GHOAD (Etherscan, 2025). These technical indicators and on-chain metrics provide a comprehensive view of the market dynamics following the NFT announcement.

Regarding AI developments, there is no direct AI-related news associated with $GHOAD's NFT launch. However, the broader crypto market's sentiment towards AI projects could influence $GHOAD's performance. For instance, if there were positive news about AI integration in other crypto projects, it might boost investor confidence in the sector, potentially benefiting $GHOAD. According to a recent report by Messari, AI-related tokens have seen a 20% increase in trading volume over the past month, driven by advancements in AI technology (Messari, 2025). This trend could indirectly impact $GHOAD's market performance if investors perceive it as part of the broader AI and blockchain ecosystem. Traders should keep an eye on AI-driven trading volume changes and correlations with major crypto assets like Bitcoin and Ethereum, as these could provide insights into potential trading opportunities in the $GHOAD/AI crossover.

Crypto Rover

@rovercrc

160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.